Murphy Oil Earnings Estimate
| MUR Stock | USD 33.15 0.17 0.52% |
Murphy Oil Revenue Breakdown by Earning Segment
By analyzing Murphy Oil's earnings estimates, investors can diagnose different trends across Murphy Oil's analyst sentiment over time as well as compare current estimates against different timeframes. At this time, Murphy Oil's Pretax Profit Margin is relatively stable compared to the past year. As of 11/22/2024, Operating Profit Margin is likely to grow to 0.32, while Gross Profit is likely to drop slightly above 1.4 B.
Murphy |
Murphy Oil Earnings per Share Projection vs Actual
About Murphy Oil Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Murphy Oil earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Murphy Oil estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Murphy Oil fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | 6.5 B | 3.7 B | |
| Retained Earnings Total Equity | 6 B | 5.8 B | |
| Earnings Yield | 0.10 | 0.10 | |
| Price Earnings Ratio | 10.01 | 10.51 | |
| Price Earnings To Growth Ratio | (0.32) | (0.30) |
Pair Trading with Murphy Oil
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Murphy Oil position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Murphy Oil will appreciate offsetting losses from the drop in the long position's value.Moving together with Murphy Stock
Moving against Murphy Stock
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| 0.53 | DMLP | Dorchester Minerals | PairCorr |
| 0.5 | EQT | EQT Corporation | PairCorr |
The ability to find closely correlated positions to Murphy Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Murphy Oil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Murphy Oil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Murphy Oil to buy it.
The correlation of Murphy Oil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Murphy Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Murphy Oil moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Murphy Oil can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Murphy Stock Analysis
When running Murphy Oil's price analysis, check to measure Murphy Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Murphy Oil is operating at the current time. Most of Murphy Oil's value examination focuses on studying past and present price action to predict the probability of Murphy Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Murphy Oil's price. Additionally, you may evaluate how the addition of Murphy Oil to your portfolios can decrease your overall portfolio volatility.